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Banking, Stocks

[Stock] “Deutsche Bank Bounces as Analysts Reassure on Financial Health”

“Deutsche Bank AG shares rebounded and the cost of insuring its debt against default eased on Monday after sell-side analysts sought to reassure that the German lender’s financial health was sound… Shares of Germany’s largest bank were 5.4% higher as… Continue Reading…

Banking

“First Citizens to Buy SVB After Biggest Failure Since 2008”

“First Citizens BancShares Inc. agreed to buy Silicon Valley Bank after a run on deposits wiped out the company in the biggest US bank failure in more than a decade… The deal to settle SVB’s fate could help tamp down… Continue Reading…

Economy

“Super rich New Yorkers — including billionaire Carl Icahn — are fleeing the Big Apple in droves. Here are the top 3 states they’re quickly escaping to”

“…Between 2019 and 2020, the number of New Yorkers earning between $150,000 and $750,000 fell by nearly 6%, according to the New York City Independent Budget Office…. Moreover, the number of real high earners — those making over $750,000 —… Continue Reading…

Business

“Chipotle to pay ex-employees $240,000 after closing Maine location that tried to unionize'”

“…Employees at the Chipotle restaurant filed a petition to unionize under Chipotle United in late June, becoming the chain’s first outlet to do so. Prior to the filing, workers had already walked out in protest of working conditions and understaffing.… Continue Reading…

Stocks

“Analysts Warn Investors To Dump 10 Big Stocks Before It’s Too Late”

“… It’s unclear if the U.S. is headed into a recession. But analysts, it seems, already know which S&P 500 stocks to avoid. Watch Out For These S&P 500 Stocks Stocks with highest percentage of sell ratings Company Symbol Sell… Continue Reading…

Real Estate

“Home sales spike 14.5% in February as the median price drops for the first time in over a decade…”

“Sales of previously owned homes rose 14.5% in February compared with January, according to a seasonally adjusted count by the National Association of Realtors. That put sales at an annualized rate of 4.58 million units. It was the first monthly… Continue Reading…

Real Estate

“Anxiety Strikes $8 Trillion Mortgage-Debt Market After SVB Collapse”

“So-called agency mortgage bonds are widely held by banks, insurers and bond funds because they are backed by the mortgage loans from government-owned lenders Fannie Mae and Freddie Mac. The bonds are far less likely to default than most debt… Continue Reading…

Banking

“Credit Suisse shares tank after Saudi backer rules out further assistance”

“Shares of Credit Suisse on Wednesday plunged to a fresh all-time low for the second consecutive day after a top investor in the embattled Swiss bank said it would not be able to provide any more cash due to regulatory… Continue Reading…

Banking

“Bank of America has raked in $15billion in new deposits after SVB collapse”

“SVB imploded late last week after depositors tried to withdraw $42 billion from the institution, with the Federal Deposit Insurance Corporation (FDIC) taking over the bank over the weekend. Meanwhile, the New York Department of Financial Services took possession of Signature Bank on… Continue Reading…

Real Estate

“84% of recent first-time home sellers have regrets…”

“Timing is everything, especially when it comes to real estate. But finding the perfect time to sell your home — especially if it’s your first time — may be a challenge as the residential real estate market fluctuates. A recent… Continue Reading…